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If the cost price of 8 articles is equal...

If the cost price of 8 articles is equal to the selling price of 6 articles, then what is the profit percentage?

A

0.25

B

0.375

C

0.3333

D

0.2

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage when the cost price of 8 articles is equal to the selling price of 6 articles, we can follow these steps: ### Step 1: Define Variables Let the cost price (CP) of one article be \( x \). Therefore, the cost price of 8 articles is: \[ \text{Cost Price of 8 articles} = 8x \] Let the selling price (SP) of one article be \( y \). Therefore, the selling price of 6 articles is: \[ \text{Selling Price of 6 articles} = 6y \] ### Step 2: Set Up the Equation According to the problem, the cost price of 8 articles is equal to the selling price of 6 articles: \[ 8x = 6y \] ### Step 3: Solve for Selling Price From the equation \( 8x = 6y \), we can express \( y \) in terms of \( x \): \[ y = \frac{8x}{6} = \frac{4x}{3} \] ### Step 4: Calculate Profit The profit for selling 6 articles can be calculated as: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] The cost price of 6 articles is: \[ \text{Cost Price of 6 articles} = 6x \] Thus, the profit is: \[ \text{Profit} = 6y - 6x \] Substituting \( y \): \[ \text{Profit} = 6\left(\frac{4x}{3}\right) - 6x = 8x - 6x = 2x \] ### Step 5: Calculate Profit Percentage The profit percentage is calculated based on the cost price: \[ \text{Profit Percentage} = \left(\frac{\text{Profit}}{\text{Cost Price}}\right) \times 100 \] Substituting the values: \[ \text{Profit Percentage} = \left(\frac{2x}{6x}\right) \times 100 = \left(\frac{2}{6}\right) \times 100 = \frac{1}{3} \times 100 = 33.33\% \] ### Final Answer Thus, the profit percentage is: \[ \boxed{33.33\%} \]
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